Global employees of Payrollbangladesh talk about implementing Employer of Record Service for remote work
Some businesses conduct Employer of Record Service business in the same ways as PEOs, and we accept this distinction in the appropriate circumstance.
At a CAGR of 6.8% from 2022 to 2028, it anticipates that the size of the global Employer of Record Service market would increase from US$ 4299.1 million in 2021 to US$ 6604.4 million by 2028.
Although the term “remote work” may be popular in the corporate world, for many international employees. So, this practice is nothing new. Workers employed by an employer of record service is typically based remotely. Employees under this type of arrangement have always embraced the concept of “working from anywhere”. So that, physical borders separates the organizations and their employees frequently.
We are highlighting the experiences of workers who use employer-of-record agreements as part of this month’s 25th-anniversary festivities. At Payroll Bangladesh, we have always placed the needs of the individuals using our products first and place a strong emphasis on employee safety, wellbeing, and support services with a human-centered approach. We spoke with a couple of our employees this week to learn more about how having an employer of record service. How this has helped them cope with the global pandemic?
What Is This Service?
Employer of Record solutions assist businesses by legally placing their employees in locations where they lack a local presence. Employer of Record service takes on the necessary local employment and HR chores. So that, it is freeing up developing enterprises to concentrate on managing employees on a day-to-day basis or on more extensive international projects.
A company like Payrollbangladesh Group will split the duties of employer of record service with a client. The customer continues to be in charge of day-to-day personnel management. While Payrollbangladesh Group handles all local payroll, tax, social security, and HR duties. Additionally, our committed Client Liaison team and local professionals provide in-country worker support and routine worker check-ins.
Our client liaison department at Payroll Bangladesh has a specialized team to help its employees. During the more challenging months of the pandemic, this service became a crucial component of Payrollbangladesh’s everyday operations. These personnel spend their time checking up on our international workers.
The Payrollbangladesh staff, according to Hafzi, is “always willing to help…always there’s someone who would reach out and address [any issues],” and they take initiative to “understand [her] needs and potential feedback.”
Maria responded, “They were always the fastest at returning emails and gave me a sense of comfort that my rights were being safeguarded throughout my job”. This is asked how Payrollbangladesh had assisted throughout the pandemic.
In addition, Payrollbangladesh organized weekly yoga classes for both domestic employees and foreign workers, which EOR employee Khristine recalled from the early stages of the pandemic. ‘[Payrollbangladesh] check up on me by email asking how I am with work and if I have concerns and they’ll be pleased to address it with me,’ Khristine said in addition to praising the employee check-up procedure.
We appreciate the contributions of all of our international employees! Are you curious to know more about Employers of Record? For further information, click the link.